The action of making or manufacturing from components or raw materials, or the process of being so manufactured. Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is the act of creating output, a good or service which has value and contributes to the utility of individuals. What is a production process? What is production give example? What are the 4 factors of production and give an example of each? What is the purpose of production? Production in economics, what is production process, example of production, types of production in economics, importance of production in economics, what is production function, production meaning in english, list five importance of production.
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